Shanghai rongchuang withdrew from a residential project in Nantong: it was taken over by Jianfa, the partner of Rugao Diwang

Shanghai rongchuang Real Estate Development Group Co., Ltd. withdrew from Changzhou Rongyu Real Estate Co., Ltd. on January 19, together with Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) International Trust Co., Ltd. The shareholding ratios of the two companies before withdrawal were 59.03% and 16.48% respectively. Industrial and commercial data show that the new shareholder is Zhuhai Doumen Yifa Real Estate Co., Ltd., which is wholly owned by Libai Holding Co., Ltd. It is understood that Libai holdings is a wholly-owned subsidiary of Jianfa international, a Hong Kong listed company of Jianfa real estate, a member of Fujian state-owned enterprise Jianfa group. After penetrating the equity information, Changzhou Rongyu Real Estate Co., Ltd. holds 49% of Nantong Zhaokun Enterprise Management Co., Ltd. The other shareholder is Shanghai Jianfa Shenggao Enterprise Development Co., Ltd., with a shareholding ratio of 51%. Nantong Zhaokun Enterprise Management Co., Ltd. holds 100% equity of Nantong Zhaofa Real Estate Development Co., Ltd. The reporter learned that Nantong Zhaofa real estate mainly develops plot r2020128, Rugao City, Nantong City, Jiangsu Province.